SHREE SAIRAM GENERAL HARDWARE

T/A MITESH KUMAR PATEL

MANAGEMENT ACCOUNTS

YEAR ENDED 31ST DECEMBER 2024

MITESH KUMAR PATEL
FINANCIAL STATEMENT
Year ended 31st December 2024
CONTENTS
PAGE

Company Information 1

Report of The Directors 2

Statement of Directors' Responsibilities 3

Independent Auditors' Report 4 -6

Statement of Comprehensive Income 7

Statement of Financial Position 8

Statement of Changes in Equity 9

Statement of Cash Flows 10

Notes to the Financial Statements 11 - 15

MITESH KUMAR PATEL
FINANCIAL STATEMENT
Year ended 31st December 2024

PROPRIETOR'S INFORMATION

PROPRIETOR Mr. Mitesh Kumar Patel

REGISTERED OFFICE
SHREE SAIRAM GEN HARDWARE
SONDU-KISUMU ROAD
P.O Box 741-40300
HOMA-BAY.

BANKERS KCB Bank

Sondu Branch
MITESH KUMAR PATEL
FINANCIAL STATEMENT
Year ended 31st December 2024

REPORT OF THE DIRECTORS

The directors submit their report and the audited financial statements for year ended 31st
December 2023, which disclose the state of affairs of the company.

PRINCIPAL ACTIVITIES
The principal activities of the company include those of running of an Hospital, offering health
services, largely in both in -patient and out- patient form

RESULTS FOR THE YEAR

The results for the year ended 31st December are as:
2023
Kshs
Profit /(Loss) before tax 524,474
Income Tax (65,942)
Withheld Tax -
Net Profit/(Loss) after tax (but before donations) 458,531
Donations -
Retained profit/loss for the year 458,531

The number of regular persons employed by the company at the year end:

Permanent 2
Casuals 0

DIVIDENDS
The directors do not recommend the declaration of a dividend for the year.

DIRECTORATE
The directors who held office at the date of this report are shown on page 1.

AUDITORS
Messrs & Associates were appointed during the year and have expressed their
willingness to continue in office in accordance with section 719 (2) of the Kenyan Companies
Act 2015.

Director ………………………… Date ………………………

Director ………………………… Date ………………………

2022
Kshs
4,056
(1,217)
-
2,839
-
2,839
MITESH KUMAR PATEL
FINANCIAL STATEMENT
Year ended 31st December 2024

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The Companies Act No. 17 of 2015 requires the directors to prepare financial statements which give a
true and fair view of the state of affairs of the company as at the end of the financial year and of the
operating results for that year. It also requires the directors to ensure that the company maintains proper
accounting records which disclose with reasonable accuracy the financial position of the Company.
The directors are also responsible for safeguarding the assets of the company.

The directors accept the responsibility for the financial statements which have been prepared using
appropriate accounting policies supported by reasonable and prudent judgements and estimates, in
conformity with International Financial Reporting Standards and the requirements of the Kenyan
Companies Act 2015. The directors are of the opinion that the financial statements give a true and
fair view of the state of the financial affairs of the company as at 31st December 2022 and of its
operating results for the then period ended. The directors further confirm the accuracy and
completeness of the accounting records maintained by the company which have been relied upon in
the preparation of the financial statements, as well as on the adequacy of the systems of internal
financial controls.

The Board of Directors accepts the responsibility for the Financial Statements which have been prepared
using appropriate accounting policies supported by reasonable and prudent judgements and estimates,
and in conformity with International Financial Reporting Standards and in the manner required by the
Companies Act 2015 .The directors are of the opinion that the Financial Statements give a true and fair
view of the state of affairs of the company and of its operating results for the year then ended.
The Board of Directors further accepts the responsibilty for the maintenance of sound accounting records
which may be relied upon in the preparation of Financial Statements, as well as adequate systems of
internal control.

Nothing has come to the attention of the directors to indicate that the company will not remain a going
concern for at least the next twelve months from the date of this statement.

Approved by the board of directors on _______________ 2022 and signed on its behalf by:

___________________ ___________________
Director Director
al statements which give a
financial year and of the
e company maintains proper
osition of the Company.

ve been prepared using

ments and estimates, in

atements give a true and

have been relied upon in

nts which have been prepared

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ll as adequate systems of

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REPORT OF THE INDEPENDENT AUDITORS
TO THE MEMBERS OF SPV BETHEL SOLUTIONS LIMITED.
FOR THE YEAR ENDED 31ST DECEMBER 2021

Opinion
We have audited the financial statements of SPV Bethel Solutions Ltd set out on pages 7 to 15 which comprise the
statement of financial position as at 31 December 2021, the statement of profit or loss and other comprehensive
income, the statement of changes in equity, the statement of cash flows for the year then ended and the notes to the
financial statements, including a summary of significant accounting policies.

In our opinion, except from the key audit matter, the accompanying financial statements give a true and fair view of the
company's financial position as at 31st December 2021, and of its financial perfomance and cash flows for the year then
ended in accordance with international Financial Reporting Standards and the Sacco Societies Act No. 14 of 2008.

Basis for Opinion

We conducted our audit in accordance with International Standards on Auditing (ISAs). Our responsibility under those
standards are further described in the auditor's responsibilities for the audit of the financial statements section of our
report. We are independent of the company in accordance with the International Ethics Standards Board for Accountants'
Code of Ethics for Professional Accountants (IESBA Code) together with the ethical requirements that are relevant to
our audit of the financial statements in Kenya, and we have fulfilled our other ethical responsibilities in accordance with
these requirements and the IESBA Code. We believe that the audit evidence we have obtained is sufficient and
appropriate to provide a basis for our opinion.

Key audit matters

Key audit matters are those matters that, in our professional judgement, were of most significance in our audit of the
financial statements of the the current year. These matters were addressed in the context of our audit of the financial
statements as a whole, and in forming our opinion thereon, and we do not provide a separate opinion on these matters.

Key audit matter How our audit addressed the key audit matter
Shrinking business income to the company We have engaged the directors on the same and
The business has experienced gradual drastic drop in business they have assured us that although the business
income from sales. This has strained the company's cash flow future looks dim, they are optimistic that the market
for the current year. for the business will open up and improve once again.
The directors have commited to collect debt balances
owed and inject the same into the business.

Other Information
The directors are responsible for the other information. The other information comprise the report of the directors,
and financial and statistical information which we obtained prior to the date of this auditor's report, and the [sustainability
report and corporate social investment report] which are expected to be made available to us after that date.

Our opinion on the financial statements does not cover the other information and we do not and will not express any
form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information identified
above and, in doing so, consider whether the other information is materially inconsistent with the financial statements
or our Knowledge obtained in the audit or otherwise appears to be materially misstated.

If, based on the work we have performed on the other information that we have obtained prior to the date of this report,
of the independent auditor, we conclude that there is a material misstatement of this other information, we are
required to report that fact. We have nothing to report in this regard.

4
ey audit matter
on the same and

stic that the market

improve once again.
collect debt balances

4
REPORT OF THE INDEPENDENT AUDITORS
TO THE MEMBERS OF SPV BETHEL SOLUTIONS LIMITED.
FOR THE YEAR ENDED 31ST DECEMBER 2021

AUDITOR REPORT CONTINUED

When we read the other reports expected to be made to us after the date of the report of the independent auditor, if
we conclude that there is a material misstatement therein, we are required to communicate the matter to those
charged with governance.

Responsibilities of the directors for the financial statements

The directors are responsible for the preparation of the financial statements that give a true and fair view in accordance
with International Financial Reporting Standards (IFRSs) and the Companies Act No. 17 of 2015, and from such.
internal controls as the directors determine if necessary to enable the preparation of financial statements that are
free from material misstatements, whether due to fraud or error. In preparing the financial statements, the directors
are responsible for assessing the company's ability to continue as a going concern, disclosing as appropriate, matters
ralating to going concern an using the going concern basis of accounting unless the directors either intend to liquidate
the company or to cease operations, or has no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free
from material misstatement,whether due to fraud or error, and to issue a report of independent auditor that includes
our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in
accordance with International Standards on Auditing will always detect a material misstatement when it exists.
Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could
reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

As part of an audit in accordance with International Standards on Auditing, we exercise professional judgement and
maintain professional scepticism throughout the audit.We also:

- Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error,
design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and
appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud
is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional ommissions,
misrepresentations, or the override of internal control.

- Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are
appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the
company's internal control.

- Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and
related disclosures made by the directors.

- Conclude on the appropriateness of director's use of the going concern basis of accounting and, based on the
audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast
significant doubt on the company's ability to continue as a going concern. If we conclude that a material uncertainty
exists,we are required to draw attention in our report of the independent auditor to the related disclosures in the
financial statements or, if such disclosues are inadequate, to modify our opinion.Our conclusions are based on the
audit evidence obtained up to the date of our report of the independent auditor. However, future events or conditions
may cause the company to cease to continue as a going concern.

- Evaluate the overall preparation,structure and content of the financial statements, includig the disclosures, and
whether the financial statements represent the underlying transactions and events in a manner that achieves
fair preparation.

5
5
REPORT OF THE INDEPENDENT AUDITORS
TO THE MEMBERS OF SPV BETHEL SOLUTIONS LIMITED.
FOR THE YEAR ENDED 31ST DECEMBER 2021

AUDITOR REPORT CONTINUED

We communicate with those charged with governance regarding, among other matters,the planned scope
and timing of the audit and significant audit findings, including any significant deficiencies in internal control
that we identify during our audit.

We also provide those charged with governance with a statement that we have complied with relevant ethical
requirements regarding independence,and to communicate with them all relationships and other matters that
may reasonably be thought to bear our independence, and where applicable, related safeguards.

From matters communicated with those charged with governance, we determine the matters that were of most
siginficant in the audit of the financial statements of the current period and are therefore the key audit matters.
We describe these matters in our auditor's report unless the law or regulation precludes public disclosure about
the matter or when, in extremely rare circumstances,we determine that a matter should not be communicated in
our report because the adverse consequences of doing so would reasonably be expected to outweigh the public
interest benefits of such communication.

Engagement Partner
The engagement Partner responsible for the audit resulting in this report of the Independent auditor is CPA Evans
Mokua Maeba P1124.

OMANWA & ASSOCIATES

CERTIFIED PUBLIC ACCOUNTANTS & SECRETARIES
PIN NO. P051165248Z

Date:………………………………

6
 levant ethical
r matters that

at were of most
audit matters.
isclosure about
ommunicated in
weigh the public

ditor is CPA Evans

6
MITESH KUMAR PATEL
FINANCIAL STATEMENT
Year ended 31st December 2024

STATEMENT OF PROFIT OR LOSS FOR THE YEAR

2024
Notes Shs
REVENUE
Revenue Receipts 4 102,559,960

Cost of sales (96,711,828)

Gross profit 5,848,132

EXPENSES
Personnel Expenses 5 (b) 1,400,740

Administration Expenses 5 (c ) 3,586,700

Finance Expenses 5 (d) 336,218

5,323,658

Profit /(loss) before Tax 524,474

Tax 2 (65,942)

Profit/ (Loss) for the Period after Tax 458,531

Retained Earnings/ Loss B/Fwd 1,982,339

Retained Earnings C/Fwd 2,440,870

 2023
Shs

72,545,643

(67,116,871)
5,428,772

953,350

3,612,621

357,441

4,923,412

505,360

(57,472)

447,888

1,534,451

1,982,339
MITESH KUMAR PATEL
FINANCIAL STATEMENT
Year ended 31st December 2024

STATEMENT OF FINANCIAL POSITION

2,024
Notes Shs
ASSETS:
Property Plant & Equipment 13 1,107,654

Inventories 22,025,407

Account Receivables 7 -

Cash & Cash Equivalent 6 414,282

TOTAL ASSETS 23,547,343

LIABILITIES AND CAPITAL

LIABILITIES:
Accounts Payable 8 18,340,530

Tax Payable 2 65,942

18,406,473

CAPITAL EMPLOYED:
Share Capital 3 2,700,000

Retained Earnings 9 2,440,870

5,140,870

TOTAL CAPITAL AND LIABILITIES 23,547,343

Approval of the Management Accounts on pages 2 to 4 by the Directors

was on …………………………and signed on its behalf by:

………………………….DIRECTOR …………………………..DIRECTOR
 2023
Shs

1,278,872

27,256,743

65,890

56,125
28,657,630

23,917,819

57,472
23,975,291

2,700,000

1,982,339
4,682,339

28,657,630
MITESH KUMAR PATEL
FINANCIAL STATEMENT
Year ended 31st December 2024

STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED 31ST DECEMBER 2021

Share Shareholders' Retained

capital Funds earnings
Notes Shs Shs Shs
At 1st January 2021
As previously stated 100,000 2,129,345 (766,462)
(* including effects of adopting IFRS's) - - -
As restated 100,000 2,129,345 (766,462)
Net change during the year - (1,086,455) -
Net surplus/(loss) - - 458,531

At 31st December 2021 100,000 1,042,890 (307,930)

At 1st January 2020

As previously stated 100,000 2,314,135 (777,950)
(* including effects of adopting IFRS's) - - -
As restated 100,000 2,314,135 (777,950)
Net change during the year - (184,790) -
Net surplus/(loss) - - 11,488

At 31st December 2020 100,000 2,129,345 (766,462)

9
 Total
Shs

1,462,883
-
1,462,883
(1,086,455)
458,531

834,960

1,636,185
-
1,636,185
(184,790)
11,488

1,462,884

9
MITESH KUMAR PATEL
FINANCIAL STATEMENT
Year ended 31st December 2024

STATEMENT OF CASH FLOWS

Notes 2024 2023

Shs Shs
Cashflows from Operating Activities
Receipts 4 102,559,960 3,225,625
Payments to employess and suppliers 5 (102,035,486) (3,189,069)
168,786 36,556

(Increase)/Decrease in operating assets

Inventory (5,231,336)
Receivables and prepayments 7 65,890 -
Payables and accruals 9 5,577,289 (32,599)
Tax paid 2 (57,472) (3,957)
-
Net Cash From operating activites before income ta 354,371 (36,556)

Net cash from operating activities 523,157 -

Cash flows to Investing Activities

Purchase of property and equipment (165,000) -
Net cash used in investing Activities (165,000) -

Cash flows from Financing Activities

Share capital 3 - -
New loan received during the yea 8 - -
Loan Repaid during the year 8 - -

Net cash used in Financing Activities - -

Net Change in Cash and cash equivalents 358,157 -

Movement during the year

As at the beginning of the year 56,125 -

As at the end of the year 414,282 56,125

6 358,157 -

4
MITESH KUMAR PATEL
FINANCIAL STATEMENT
Year ended 31st December 2024

1) ACCOUNTING POLICIES

The principal accounting policies adopted in the preparation of the financial statements are set
out below:

a) Basis of Preparation
The financial statements are prepared under the historical cost convention, as modified by the
revaluation of certain property, plant and equipment and investment property and carrying of
other investments at fair value and are in compliance with International Financial Reporting
Standards (IFRS).

b) Revenue Recognition
i) Sales are recognised upon delivery of products and customer acceptance, if any, or
performance of services, net of VAT and discounts.
ii) Interest is accounted for in the period in which it is earned, unless collectability is in doubt.

c) Property, Plant and Equipment

All property, plant and equipment is initially recorded at cost and thereafter stated at historical
cost less depreciation. Historical cost comprise expenditure initially incurred to bring the asset
to its location and condition ready for its intended use.

Freehold land improvements, buildings, plant and machinery and furnitures are subsequently
shown at market value, based on valuations by external independent valuers, less
subsequent depreciation.

Increases in the carrying amount arising on revaluation are credited to a revaluation reserve.
Decreases that offset previous increases of the same asset are charged against the revaluation
reserve; all other decreases are charged to the profit and loss account. Each year the difference
between depreciation based on the revalued carrying amount of the asset (the depreciation
charged to the profit and loss account) and depreciation based on the asset's original cost is
transferred from the revaluation reserve to retained earnings.

Depreciation is calculated on the reducing balance basis to write down the cost of each asset,
or the revalued amount, to its residual value over its estimated useful life using the following
annual rates:
Depreciation rates have been adjusted during the year to conform with the wear and tear rates set
by the tax authority.

Office Equipments 10.00%

Furniture and fittings 10.00%
Computers & Assessories 10.00%

Where the carrying amount of an asset is greater than its estimated recoverable amount, it is
immediately written down to its recoverable amount.

Gains and losses on disposal of property, plant and equipment are determined by reference to
their carrying amount and are taken into account in determining operating profit. On disposal
of revalued assets, amounts in the revaluation reserve relating to that asset are transferred to
retained earnings.
ollectability is in doubt.

and tear rates set

MITESH KUMAR PATEL
FINANCIAL STATEMENT
Year ended 31st December 2024

ACCOUNTING POLICIES (CONTINUED)

d) Inventories
Inventories are stated at the lower of cost and net realisable value. Cost is determined by the first-in first-out (FIFO)
method. The cost of finished goods and work in progress comprises raw materials, direct labour, other direct costs
and related production overheads, but excludes interest expense. Net realisable value is the estimate of the selling
price in the ordinary course of business, less the costs of completion and selling expenses.

e) Trade Receivables
Trade receivables are carried at original amortised amount less an estimate made for doubtful debts based on
a review of all outstanding amounts at the year-end. Bad debts are writtenoff in the year in which they are identified.

f) Financial Liabilities
Fiancial liabilities are recognised initially at fair value and subsequently measured at amortised cost, using the
effective interest rate method.

g) Cash and Cash Equivalents

For the purposes of the cash flow statement, cash and cash equivalents comprise cash in hand,deposits held at
call with banks, and investments in money market instruments, net of bank overdrafts and money market lines.
In the balance sheet, bank overdrafts are included in borrowings in current liabilities.

h) Comparatives
There are no comparative figures since this is the first year of operation

i) Employee Entitlements
Employee annual leave entitlement are recognised when they accrue to employees. A provision is made for the
estimated liability as a result of services rendered by employees upto the balance sheet date. This is recognised
as an expense accrual.

2024
2 Tax Kshs
Current tax 65,942
Prior year under/(over) provision -
Balance brought forward 57,472
With held Tax -
Interest charged (unpaid taxes) -
Tax Paid current year (57,472)
Tax (asset)/Liability 65,942

The tax on the company's profit before tax differs from the theoretical amount that
would arise using the basic tax rate as follows:

Profit / (Loss) before tax 524,474

Tax calculated at a tax rate of 65,942

Tax effect of:
Income not subject to tax -
Expenses not deductible for tax purposes -
Under / (over) provision of current tax in prior year
Tax charge 65,942

3 Share Capital
Authorised:
1,000 ordinary shares of Shs 100/= each 2,700,000

Issued and fully paid:

1000 ordinary shares of Shs 100/= each 2,700,000
Additions during the year -
2,700,000
 2023
Kshs
57,472
-
49,664
-
-
(49,664)
57,472

505,360

57,472

-
-

57,472

2,700,000

2,700,000
-
2,700,000
MITESH KUMAR PATEL
FINANCIAL STATEMENT
Year ended 31st December 2024

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

2024 2023
Shs Shs
4 Turnover
Revenue 102,559,960 72,545,643
102,559,960 72,545,643

5 EXPENDITURES

a) Cost of sales
Opening stock 27,256,743 17,616,703
Purchases 91,480,492 76,756,911
Closing Stock (22,025,407) (27,256,743)
96,711,828 67,116,871

b) Personnel Expenses
Salaries and Wages 1,092,000 658,000
Staff welfare expenses 28,500 55,100
Staff travelling and subsistence 280,240 240,250
1,400,740 953,350

c) Administration Expenses
Printing & Stationery 52,340 45,125
Water & Electricity 48,010 -
Motor vehicle fuel 432,000 121,841
Postages, Telephones & Internet 120,230 45,147
Motor vehicle running expenses 200,550 785,800
Acountancy/ Bookkeeping 50,000 50,000
Miscellanous - 259,763
Licences 55,200 55,200
Rent and rates 2,058,000 1,680,000
Cleaning expense 60,000 51,600
Security 211,200 292,000
Building repairs & Maintance 220,435 165,120
Advertisement & Publicity 37,500 25,400
Bank Charges 41,235 35,625
3,586,700 3,612,621

d) Finance Expenses
Depreciation Expenses 336,218 357,441
336,218 357,441

Total Expenses 102,035,486 72,040,283

MITESH KUMAR PATEL
FINANCIAL STATEMENT
Year ended 31st December 2024

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

2024
6 Bank and Cash Equivalents
KCB Bank 414,282
414,282

7 Trade Receiveivable
NHIF Claims -
-

8 BORROWINGS
Balace brought forward -
Addition during the year -
Repayments -
-

9 Trade Payables and Accuals

Trade Payables 18,340,530
18,340,530

10 Retained earnings
Balance B/Fwd 1,982,339
Profit / (Loss) for the year 458,531
2,440,870

11 Post Balance Sheet Events

The company has struggled substancially to increase its networth over the year as a result of low
business returns and discontinued operations in some setups.
Directors however commit to supporting the business into the near future in the hope of
increased business and returns.

12 Country of Incorporation
The company is incorporated in Kenya under the Companies Act 2015 and is resident in
Kenya.

12 Currency
These financial statements are presented in Kenya Shillings (Shs)
 2023

56,125
56,125

65,890.00
65,890.00

-
-

23,917,819
23,917,819

1,534,451
447,888
1,982,339

s a result of low
MITESH KUMAR PATEL
FINANCIAL STATEMENT
Year ended 31st December 2024

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

13 PROPERTY, PLANT AND EQUIPMENTS

Motor Computer and
Vehicles Furn, Fittings Equipment
Rate 25% 10.0% 10.0%
COST / VALUATION
As at 01/01/2024 2,800,000 - -
Additions 75,000 90,000
As at 31/12/2024 2,800,000 75,000 90,000

ACC. DEPRECIATION
As at 01/01/2023 1,521,128 - -
Charge for the year 319,718 7,500 - 9,000
As at 31/12/2024 1,840,846 7,500 9,000

NET BOOK VALUE

As at 31/12/2024 959,154 67,500 81,000

25% 10% 10%

COST / VALUATION
As at 01/01/2023 2,800,000 - -
Additions - -
As at 31/12/2023 2,800,000 - -

ACC. DEPRECIATION
As at 01/01/2023 1,163,687 - -
Charge for the year 357,441 - -
As at 31/12/2023 1,521,128 - -

NET BOOK VALUE

As at 31/12/2023 1,278,872 - -
 Total
Kshs

2,800,000
165,000
2,965,000

1,521,128
336,218
1,857,346

1,107,654

2,800,000
-
2,800,000

1,163,687
357,441
1,521,128

1,278,872
MITESH KUMAR PATEL
FINANCIAL STATEMENT
Year ended 31st December 2024

TAX COMPUTATION FOR THE YEAR 2021

PIN NUMBER P051311818L
Kshs
PROFIT(LOSS) AS PER ACCOUNTS 524,474
ADD BACK:
DEPRECIATION 336,218
DONATIONS -
860,692

LESS :WEAR AND TEAR (16,302)

ADJUSTED TAXABLE PROFIT/(LOSS) FOR THE YEAR 844,390

LESS: TAX ON BROUGHT FORWARD LOSSES -

TAX PAYABLE AT APPLICABLE RATE OF 30% 253,317

TAX CLAIMABLE/PAYABLE FOR THE YEAR 253,317

WEAR AND TEAR SCHEDULE

Class A Class B Total
25% 10.0%
Kshs Kshs Kshs
W. D V 01.01.2021 41,250 59,895 101,145
ADDITIONS - - -
Disposals - - -
41,250 59,895 101,145

Annual Allowance 10,313 5,990 16,302

W D V 31-12-2021 30,938 53,906 84,843

 SPV BETHEL SOLUTIONS LIMITED
CASH COUNT CERTIFICATE
31ST DECEMBER 2021

Denominations Quantity Value

Kshs
1,000.00 0 0.00
500.00 0 0.00
200.00 0 0.00
100.00 0 0.00
50.00 0 0.00
20.00 0 0.00
10.00 0 0.00
5.00 0 0.00
1.00 0 0.00
0.50 0 0.00
0.10 0 0.00
0.05 0 0.00
0.00
Total Physical Cash 0.00
Total Cash Balance - Petty Cash Book 0.00
Variance 0.00

Remarks
Advances not captured in cash book 0.00

0.00

Prepared by:
Accountant

Approved by:
Director
SPV BETHEL SOLUTIONS LTD
Closing stocks anaysis 31/12/2021
ITEM BALANCE @ cost
1 2.5 Mabati (dumu) 0.00 pcs 545
2 7 ft Posts 0.00 pcs 196
3 Water proof (England) 0.00 bags 100
3 Water proof 0.00 bags 60
4 Red oxide 110 1.00 pc 217
5 Rhino Cement 0.00 pcs 620
6 Binding wire 0.00 rolls; 0 kgs 2,760
7 Dumu mabati (3m) 0.00 pcs 650
8 D-8 0.00 pcs 390
9 Roofing Nails 5.00 kgs 106
10 R-6 7.00 pcs 200
11 Red oxide 130 4.00 pcs 205
12 D - 12 5.00 pcs 815
13 D - 10 6.00 pc 595
14 2.5'' Nail 8.00 kgs 95
15 D - 16 3.00 pcs 1,475
16 2'' Nail 2.00 kgs 95
17 16 kg Barbed wire 610 m 1.00 rolls 3,200
18 20 kg Barbed wire - 210m 1.00 rolls 2,550
19 Barbed wire 610 m 0.00 roll 3,200
20 PVC Conduit pipes 3/4 heavy 2.00 mm 90
21 Polythene black 0.50 rolls 2,800
22 Wire mesh Heavy 4.00 ft 660
23 PVC waste pipe 4' 1.00 mm 900
24 wall bas/hoop iron 1.50 rolls 2,300
25 20 kg Hoop Iron 0.00 kgs; 0 rolls 80
26 Blades 0.00 pcs 80
27 D-8 0.00 pcs 390
28 D - 12 0.00 pcs 815
29 D - 10 0.00 pcs 595
30 Wire mesh medium 0.00 rolls; 0 ft 380
31 2m Mabati 0.00 pcs 435
32 DU st white 20 (plastic) 9.00 mm 1,600
34 4'' Nail 0.00 kgs 99
35 5" Nails 0.00 kgs 99
36 3" Nails 0.00 kgs 95
37 1" Nails 0.00 kgs 106
38 1.5" Nails 0.00 kgs 106
39 U-nails 0.00 kgs 136
40 Floor tiles 0.00 pcs 700
41 Wall tiles 0.00 pcs 600
42 Medium chicken wire 1/2 3ft 0.00 roll 1,025
43 Chicken wire 1 x 3ft 0.00 roll 1,290
44 Medium wire mesh 0.00 pcs ; 0 rolls 380
TOTALS
 Value
-
- lost
-
-
217
-
-
-
-
530
1,400
820
4,075
3,570
760
4,425
190
3,200
2,550
-
180
1,400
2,640
900
3,450
-
-
-
-
-
-
-
14,400
-
-
-
-
-
-
-
-
- lost
-
-
44,707
SPV BETHEL SOLUTIONS LIMITED

TRIAL BALANCE DECEMBER 2021

OPENING TRIAL TRANSACTION ADJUSTMENTS
BALANCE IN THE YEAR IN THE YEAR
01 Jan. 2021 31 Dec 21 31 Dec 21
Debit Credit Debit Credit Debit Credit
Kshs Kshs Kshs Kshs Kshs Kshs
BANKS
NCBA Bank 16,379 -
KCB Bank 39,850 -
Petty Cash -

RECEIVABLES
VAT Recoverable - - -
Trade Receivables 1,011,455 -

FIXED ASSETS
Furniture and Fixtures:Cost 100,000
Furniture and Fixtures:Depreciation 39,707 6,029
Computer Equipment 45,000
Computer Equipment:Accum Depreciation 33,424 2,894

INVENTORY
Inventory 348,255 -
Purchases - -
Carriage Inwards - -

DIRECTORS' CURRENT ACCOUNT

Directors' Account 2,129,345 - - -
-
TAX
Corporation Tax - 4,924

PAYABLES & ACCRUALS

Trade Payables -
Other Payables -
Accrued Payables 20,000 - 20,000

CAPITAL & RESERVES

Share Capital 100,000
Retained Earnings 766,462 - -

SALES
Sales - -

OPERATING EXPENSES
Loading & Off-loading Expenses - -
Casual Labour Charges - -
Other Operating Expenses - -

PERSONNEL EXPENSES
Salaries and Wages:Staff Salaries - -
NSSF Company Contributions -
Other Staff Expenses -
ADMIN. EXPENSES
Packing Materials, Printing & Stationeries - -
Telephone and Postage - -
Travel & Transport - -
Supervision expenses - -
Bank Charges - -
Office Expense - -
Repairs and Maintenance:Office - -
Motor Vehicle expenses -hire - -
Audit Fees - - 20,000

ESTABLISHMENT EXPENSES
Rent & Rates - -
Service Charge -
Licenses & Permits - -
Depreciation - 8,923

TOTAL 2,327,401 2,327,400 - - 28,923 28,923

1 - -

Closing stocks 50,000

 CLOSSING TB 2020

31 Dec 21
Debit Credit
Kshs Kshs

16,379
39,850
-

-
1,011,455

100,000
45,736
45,000
36,318

348,255
-
-

2,129,345
-

4,924

-
-
40,000

100,000
766,462 -

-
-
- -

-
-
-
 -
-
-
-
-
-
-
-
20,000

-
-
-
8,923

2,356,324 2,356,323

1
 spv bethel
NCBA BANK ANALYSIS year 2021

Opening Bal Dr Cr Bank charges Clossing Bal

January 16,378 - - - 16,378

February 16,378 - - - 16,378
March 16,378 - - - 16,378
April 16,378 - - - 16,378
May 16,378 - - - 16,378
June 16,378 - - - 16,378 a loan repayment ac
July 16,378 - - - 16,378
August 16,378 - - - 16,378
September 16,378 - - - 16,378
October 16,378 - - - 16,378
November 16,378 - - - 16,378
December 16,378 - - - 16,378

Total - - -

spv bethel
KCB BANK ANALYSIS year 2021

Opening Bal Dr Cr Bank charges Clossing Bal

January 39,850 - 220,974 - 260,824

February 260,824 - 89,000 - 349,824
March 349,824 - - - 349,824
April 349,824 - 296,400 - 646,224
May 646,224 - 111,720 - 757,944
June 757,944 - - - 757,944
July 757,944 - 292,906 - 1,050,850
August 1,050,850 - 546,991 - 1,597,841 business account
September 1,597,841 - 140,000 - 1,737,841
October 1,737,841 - 319,200 - 2,057,041
November 2,057,041 - - - 2,057,041
December 2,057,041 2,613,633 798,400 1,969 239,839

Total 2,613,633 2,815,591 1,969

an repayment account.

iness account